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Following is the balance sheet of the BDO Partnership: Cash Accounts Receivable Inventory Equipment $12,000 36,000 27,000 58,000 $133,000 Liabilities Brink, Capital Davis, Capital Olsen,

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Following is the balance sheet of the BDO Partnership: Cash Accounts Receivable Inventory Equipment $12,000 36,000 27,000 58,000 $133,000 Liabilities Brink, Capital Davis, Capital Olsen, Capital $17,000 44,000 26,000 46,000 $133,000 The partners share income 40:40:20, respectively. Assume that 70% of the receivables are collected and that inventory with a book value of $16,000 is sold for $12,000. All ca distributed Determine the proper distribution of cash, using the safe payment approach. (Round answers to decimal places, e.g. 5,125. Enter credit balance of an account and negative sign preceding the number, e.g.-45 or parentheses, e.g. (45)) capital Noncash Brink Cash Assets Llabilities Account Balances 12000 121000 -17000 Sale of Inventory. Collect Accounts Receivable Payment to Creditors Payment to Partners LINK TO TEXT

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